A "Sweet" Commodity Breakout

05/07/2009 10:22 am EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

chart

The Reuters CRB overcame the key resistance at 390, thus completing the bottom formation discussed last month. Upside targets are in the 440 area with support at 375. The strong weekly OBV suggested sugar's recent upside breakout and the open interest action is also bullish. Chart formation targets in the 19-20 area.

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